Rising Wheat Costs Means an Increase in Flour Prices

Gold Medal Flour May Cost More Than Gold

As someone who loves to bake, I was pretty bummed to hear that the price of flour is going up. We've been hearing about how grocery prices are going up due to increased prices of dairy and wheat, but this is the first time I've seen solid numbers. According to CNN Money, the price of a 50-pound bag of flour went from $16 to $37, a 131 percent increase. And if that's not crazy enough, sources say that the price may reach $40 next week.

The prices have been steadily climbing due to poor growing conditions including a US Winter freeze and a European drought. With prices reaching new records, it's not just the homecook who won't be able to afford anything. Increased prices means less profit margins for restaurants and retailers. Sooner or later, those price increases are going to be passed on to those of us eating the food. So start saving your pennies, that $2 croissant might just be $3 tomorrow.

That is insane. I noticed it the other day at the grocery store. Grapenuts cereal went up $1 in price. The last time I bought a box was maybe 2-3 weeks ago. That is a HUGE increase in a short span of time.

don't you mean that a $2 croissant will be $4.62 based on the 131 increase? that's just insane. it's really hard to think about the impact now when we're just buying foods and can find somewhat generic alternatives..but it's def going ot tricle down sooner or later and since we don't see the increase in our salaries becuase of the economy, it means that we'll be able to afford less and less.